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<h1>Asia-Pacific Markets Mixed After Trump Shifts Goalposts on Tariffs Again</h1> Asia-Pacific markets traded mixed on Monday after U.S. President Donald Trump confirmed that “reciprocal” tariffs, first announced in April, will take effect on Aug. 1 for countries that haven’t struck a deal. Trump added in a separate announcement Sunday that an additional 10% tariff would be charged to countries “aligning themselves with the anti-American policies of BRICS” without elaborating. His announcement came as the BRICS bloc of developing countries gathered in Rio de Janeiro, Brazil, for a two-day summit. Earlier on Sunday, Treasury Secretary Scott Bessent said that tariffs introduced in April will be enforced starting August 1 for countries that haven’t finalized an agreement with the Trump administration. While Bessent dismissed the notion that August 1 represents a fresh deadline, he acknowledged that the new date could allow trading partners additional time to renegotiate tariff terms. Japan’s benchmark Nikkei 225 slipped 0.56% to close at 39,587.68 while the Topix declined 0.57% to close at 2,811.72. South Korea’s Kospi added 0.17% to end the trading day at 3,059.47 and the small-cap Kosdaq closed 0.34% higher at 778.46. Australia’s S&P/ASX 200 slid 0.16% to end the day at 8,589.3. Hong Kong’s Hang Seng index lost 0.61%, and mainland China’s CSI 300 dipped 0.43% to 3,965.17. 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